KULR Technology Group, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $16.2M | $10.7M | $9.8M | $4.0M | $2.4M | $624.0K | $830.4K | $1.3M |
| Cost of Revenue | $15.4M | $5.3M | $6.2M | $1.6M | $1.1M | $187.9K | $226.5K | $336.7K |
| Gross Profit | $771.0K | $5.5M | $3.7M | $2.4M | $1.3M | $436.1K | $603.9K | $937.4K |
| Gross Margin | 4.8% | 51.1% | 37.3% | 59.2% | 54.3% | 69.9% | 72.7% | 73.6% |
| Operating Expenses | ||||||||
| Research & Development | $10.8M | $4.7M | $7.1M | $4.2M | $1.7M | $289.8K | $502.2K | $508.1K |
| SG&A Expense | $27.7M | $16.0M | $18.9M | $16.5M | $11.2M | $2.5M | $2.1M | $2.5M |
| Operating Income | $-43.0M | $-15.2M | $-22.4M | $-18.3M | $-11.5M | $-2.3M | $-2.0M | $-2.1M |
| Operating Margin | -265.9% | -141.9% | -228.0% | -457.8% | -477.2% | -375.1% | -238.4% | -163.4% |
| Interest Expense | — | — | $714.1K | $282.1K | — | — | — | — |
| Pretax Income | $-61.9M | $-17.5M | — | — | — | — | — | — |
| Income Tax Expense | — | — | — | — | $0 | $0 | $0 | $0 |
| Net Income | $-61.9M | $-17.5M | $-23.7M | $-19.4M | $-11.9M | $-2.9M | $-2.0M | $-2.1M |
| Net Margin | -382.8% | -163.2% | -241.0% | -486.6% | -493.7% | -456.8% | -238.4% | -161.6% |
| EPS (Basic) | $-1.56 | $-0.75 | $-0.20 | $-0.18 | $-0.15 | $-0.03 | $-0.02 | $-0.03 |
| EPS (Diluted) | $-1.56 | $-0.75 | $-0.20 | $-0.18 | $-0.15 | $-0.03 | $-0.02 | $-0.03 |
| Shares Outstanding (Basic) | 39.7M | 23.3M | 117.8M | 105.7M | 95.7M | 82.0M | 81.1M | 78.7M |
| Shares Outstanding (Diluted) | 39.7M | 23.3M | 117.8M | 105.7M | 95.7M | 82.0M | 81.1M | 78.7M |
| Dividends Per Share | — | — | — | — | — | — | — | — |